Wambolt & Associates LLC Cuts Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wambolt & Associates LLC lessened its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,750 shares of the company’s stock after selling 4,901 shares during the quarter. Wambolt & Associates LLC’s holdings in Rush Enterprises were worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RUSHA. FMR LLC increased its holdings in shares of Rush Enterprises by 34.8% during the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after acquiring an additional 1,336,528 shares in the last quarter. Jennison Associates LLC increased its stake in Rush Enterprises by 1,398.4% during the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock valued at $27,909,000 after purchasing an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Rush Enterprises by 5,379.0% in the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after buying an additional 328,711 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Rush Enterprises by 148.1% during the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after buying an additional 183,965 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Rush Enterprises in the 4th quarter valued at $9,822,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Trading Up 4.4 %

NASDAQ RUSHA opened at $55.76 on Tuesday. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The company has a market capitalization of $4.42 billion, a PE ratio of 14.95, a P/E/G ratio of 1.04 and a beta of 1.06. The company has a fifty day moving average of $58.02 and a 200 day moving average of $56.60.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 19th.

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. This represents a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.53% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.